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Thursday, March 2

2nd Mar - Dull, careful day with Snapchat IPO

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Juncker’s white paper: more style than substance – Politico
European Commission Offers 5 ScenariosMarc Chandler 
EU Parliament Calls to End Visa-Free Travel for U.S. Citizens – WSJ
European banks in 2016: A year to forget – Deutsche Bank
Brexit Monitor #23 – Danske Bank 
Dutch Election Update – PM Rutte’s VVD takes the lead – ABN AMRO
Justin Fox: Geert Wilders Doesn't Want to Govern – BB

Marine Le Pen loses EU parliament immunity over tweets – Reuters
Euro Rates Watch – French linkers price in regime shift – ABN AMRO
Five charts - How Investors Are Playing ‘Frexit’ – WSJ
Macron Lays Out His Political Platform For French Presidency – WSJ

ECB Preview: Fine-tuning, markets a bit vulnerable Nordea
ECB preview: Less reason to be dovish, but inflation battle not yet over – Pictet
Two Percent Inflation Not Enough for Draghi to Shift Policy – BB
Data-Dependent Yellen Running Out of Reasons to Delay Hike –
Merrill on Possible March Fed Hike – Bill McBride
White House Said to Kick Off Infrastructure Planning Thursday – BB
Noah Smith: Trump's Smart Choice for Economic Adviser – BB

Shortcuts to Factor Investing 101CFA

Morning Report APACTF
Sentiment is upbeat in Asian markets today following a rally on all three leading indices on Wall Street. Meanwhile there has been a USD rally driven by upbeat ISM data a bullish speech from a Fed board member and the generally positive reception to Donald Trump's speech to Congress.

UK prime minister vows to overturn Lords demand, US-Russia controversy deepens, and the silver lining to Carlos Slim’s $16bn loss

U.K. Living Standards Worst in 60 Years, Snap IPO Hits $24bn, ‘Multispeed’ Europe is Back

Danske DailyDanske Bank

Higher yields and equities, GBP struggling * Euro-area inflation rising to target * 10-year Bund yields jump * USD strengthens after Trump speech

Morning MarketsTF
The Dow Jones industrial average appears to be on a roll. It closed over 21000 for the first time in its history overnight just over a month after it first closed above 20000 for the first time. Meanwhile in Europe the pound is sinking against the dollar as British prime minister Theresa May grapples with her first major setback in pursuit of Brexit.

From the FloorTF
Stocks are reaching new record levels. In the US the P/E ratio is on a level so far only previously seen immediately prior to massive crashes. A US rate hike in March again seems to be almost certain.

Daily Market Comment Marc Chandler
Dollar Remains Bid

Brussels PlaybookPolitico
Multi-speed Europe is coming — Fillon flops — UK Lords’ Brexit win

Five Things You Need to Know to Start Your DayBB

10 things you need to know before the opening bellBI

S&P Futures Drop As Global Market Rally Pauses; Dollar Rises On Rate Hike Concerns


FX Update TF
With the dove of doves the Fed's Brainard also waxing more hawkish on the need to hike rates we more or less have the intent for a March FOMC rate hike clear with only Yellen tomorrow and the US employment report next Friday as the last confirming indicators.

Pohjainflaatiosta puuttuu potku * Suomen BKT:ssa nollakasvu vuoden 2016 viimeisellä neljänneksellä * Ruotsin teollisuuden luottamus vahvana * USA:n 2-vuoden korko nousi yli seitsemän vuoden huippuihin